this post was submitted on 24 Feb 2024
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If a business was actually losing money for 20 years straight then how does it continue to grow? Think about Amazon and how long it wasn't profitable despite being one of the largest businesses ever in recorded history.
It's a business scam that's a legal way of pay significantly less taxes than they normally would.
dont forget getting to gamble with other peoples forced retirement accounts! yay!
Haven't most places moved to 401ks for this reason? I'd never participate in a pension and I imagine the vast majority of those working in the tech industry are smart enough not to as well
I could be wrong I'm basing all this on assumptions about others intelligence
And yet, many (maybe even most) countries in Europe operate on a pension system for retirement. That would include tech workers in said countries as well.
But American companies (and Canadian too?) have mostly done away with them by now